Post
Topic
Board Speculation
Merits 4 from 3 users
Re: Buy the DIP, and HODL!
by
Dailyscript
on 02/02/2024, 08:45:12 UTC
⭐ Merited by Miles2006 (2) ,JayJuanGee (1) ,Moreno233 (1)
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Money is a very valuable thing in our life. Everyone has to work hard enough to earn money, very easy but never money. Since it is difficult to make money, it is natural for an investor to think about it when he invests that money. If an investor invests the entire wealth that he has accumulated over a few months or years, he must think whether he is investing his hard-earned money in the right place. Those who have prior knowledge of investing may not worry so much after investing but this problem is more common among those who are new to investing. In
 
I disagree with you on this it is never a good idea for any investor to invest all his entire money , if you invest all your entire money you will be left with nothing and that is gambling with your investment and this will  increase emotional instability when there is a downward trend in the market you need to save some part of your money to enable you grow your asset and reach your specific goals.

As an investor that has planed a long term portfolio, if you don't want to be distracted or wanting to withdraw from your invest due to needs that may arise in the long run, it is a duty for you to either has extra income or keep some portion of your existing income in other to savage such unforeseen situation when it comes, this digital asset investment does not have a definite price, no matter your target, you follow the instructions in other not to derail in the process, that's the foundational knowledge is required for every bitcoiner, just imagine if an investor, invest all his money, how will he eat, what about basic needs, that's to say such investor does not understand bitcoin, if not wouldn't think this way, as a matter of fact, every interested investor in bitcoin should invest what he can afford to let go, don't be in pressure, just keep DCA strategy alive, slow and steady.
No one should ever go all in into any investment whether bitcoin investment or any other type of investment unless it is an investment that was developed by yourself. Just like a business or company. Yes, some persons may consider  it as taking risk. But it is not unwise because if along the line some life challenges start occuring the investor will look back to his investment since he that is the only option he have money in. Solving the problem with some part of his investment would be the only choice and it will cost to jeopardizing his investment, prone to risk. Infact, if the market begin to dip that will put him in a state of pressure and loses. This is why i consider dca approach as the best approach to bitcoin investment. It limits unnecessary pressure and give you opportunities to keep some money for yourself while you accumulate your bitcoin.